The program I know doesn't disrupt your current loan in place. 

If I want to evict this tenant, I am not supposed to cash the check so as not to disrupt the eviction process, correct?

The idea of one open house a week is one that many tenants will accept over having potential buyers coming over many times during the week to disrupt their life.It sounds like perhaps it's time to sit down with these tenants and offer them the options, including reminding them that a buyer may be another investor who will simply become their new landlord.Gail

But I don't think as many of them are homeowners as were before the bubble burst.So while you have a unique perspective on foreclosures given your job, I just don't see any of the obvious red flags for a massive wave of defaults that existed before.As long as lending stays common sensical and as long as nothing else were to significantly disrupt the jobs market, I don't see any way the housing market could take that kind of hit - at least not at the national level.In any given market, I would always think there is the chance that something occurs (i.e. loss of oil jobs, etc) to disrupt the market.  

He knows the tenants, has a good relationship with them, and we do not want to disrupt that with the tenants.

Sure it will be disruptive for 6-18 months, but it will be overcome as things slowly get back to normal.

Price drops will only occur if something disrupts that demand (like a recession), or if something causes supply to spike. 

This rental increase can be extremely disruptive to the repeat business that many homeowners rely on.Many Cape and Islands homeowners struggle economically due to the very seasonal nature of business here.

Complaints could prove disruptive.

I'm looking for a property with a large backyard or opening to an alley, so It will cause little disruption to the tenants.